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coachbri
New Member

For the PMI deduction are you able to claim the entire amount or just the monthly premium?

 
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PaulaM
Expert Alumni

For the PMI deduction are you able to claim the entire amount or just the monthly premium?

You claim the monthly amount multiplied by the number of months you paid it. For ex: monthly amount is 65.00 for a home acquired 7/1/2016. Amount would be 6 X 65.00 = 390.00

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1 Reply
PaulaM
Expert Alumni

For the PMI deduction are you able to claim the entire amount or just the monthly premium?

You claim the monthly amount multiplied by the number of months you paid it. For ex: monthly amount is 65.00 for a home acquired 7/1/2016. Amount would be 6 X 65.00 = 390.00

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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